Turkmengaz appointed leader of the Consortium Pipeline Company “TAPI Limited”

Turkmengaz appointed leader of the Consortium Pipeline Company “TAPI Limited”

The Steering Committee on the construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline unanimously approved “Turkmengaz” as the leader of the Consortium TAPI. This took place at the Ashgabat meeting which consisted of ministers of the oil and gas of Turkmenistan, Afghanistan, Pakistan and India.

The main outcome of the meeting was the unanimous election of the State Concern “Turkmengaz” to be the leader of the Consortium Pipeline Company “TAPI Limited”. As the leader of the consortium, “Turkmengaz” interaction will lead the construction, financing, ownership and operation of the pipeline TAPI.

“Turkmengaz” has more than 50 years of experience in the development, production and transportation of gas, as well as the construction of pipelines. It is envisaged that other companies will join the specialized group leader of the consortium in the subsequent stages of the project.

The construction and operation of the TAPI gas pipeline, whose length will be more than 1,800 kilometers, will contribute to the strengthening of energy security in the region, its economic stability and create new prospects for the development of international cooperation and business cooperation in Asia.

TAPI pipeline will export annually up to 33 billion cubic meters of Turkmen natural gas to Afghanistan, Pakistan and India for more than 30 years.

Turkmenistan ranks fourth in the world in natural gas reserves, and the pipeline will allow the country to diversify its supply routes in the south-eastern direction – towards the south of Afghanistan, Pakistan and northern India.

Thanks to the efforts of the participating countries, thus far agreed and signed by all relevant legal and commercial documents that form the basis for the beginning of the practical implementation of the TAPI project.

Source: mfa.gov.tm

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